The National Social Security Fund (NSSF) has appointed Kenneth Owera as its substantive Chief Investment Officer (CIO). He will steward the Fund’s UGX28 trillion investment portfolio with the target of…
The air was electric with optimism as more than 200 women gathered for the Girls for Girls (G4G) Summit, a landmark event themed “Embracing Change and Leading with Courage.” From…
PostBank Uganda’s Chief Financial Officer, Peter Ssenyange wins big at the just concluded annual Chief Financial Officer (CFO) Awards which seek to celebrate exceptional leaders in the finance industry, as…
The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating…
The National Social Security Fund (NSSF) is seeking to recover more than UGX708 million in unpaid rent arrears due to Goodra Tumusiime Behakanira. Goodra, a Kampala businesswoman, is the widow of the late Joseph Behakanira and the former owner of Avemar Shopping Mall and J&M Airport Road Hotel. According to court documents filed through the Commercial Division of the High Court, the arrears stem from a breach of a tenancy agreement signed between NSSF and Goodra in September 2019, and later amended in February 2020. The agreement allowed Goodra to lease space for a supermarket, basement stores, a conference hall,…
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When Patrick Michael Ayota was appointed Acting Managing Director of the National Social Security Fund (NSSF) in December 2022, he stepped into an institution in the midst of a politically…
New Vision Printing and Publishing Company, a government-controlled entity, warned last week it will report yet another annual loss. The loss, for the year ending June 2025, is the third in a row. On the surface, this could pass for a broader media downturn – declining print revenues, slower advertising spends, and higher costs. But a closer look at the company’s financials reveals a story of misaligned credit models, underperforming assets, and internal control risks. These are quietly undermining the company’s resilience. The third year of red ink In a statement signed by CEO Don Wanyama, New Vision cited a…
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When Reuben Tumwebaze assumed the reins of Uganda Clays (UCL) in March 2021, he walked into a company weighed down by its past. Once a market leader with deep roots in the construction sector, UCL was struggling. It faced a drop in market presence, hobbled by old equipment, bloated costs, poor governance, and slow response in a fast-modernising sector. Tumwebaze, with his engineering background, financial expertise, and infrastructure reform, brought not only hope but a plan to reinvent UCL. For a moment, the promise seemed to work. By the end of 2021, UCL had posted its highest profit in over…
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Airtel Uganda, a leading provider of telecommunications and mobile money services, recently presented a dividend cheque of UGX 50.3 billion to the National Social Security Fund (NSSF). This significant payout follows NSSF’s strategic acquisition of shares in Airtel Uganda during the company’s initial public offering (IPO). This payout follows Airtel’s 2023 decision to list in Uganda, becoming the second telecom company on the Uganda Securities Exchange. The company offered 8 billion ordinary shares representing 20% of its equity at UGX 100 per share. While the IPO raised UGX 211.4 billion, below the UGX 800 billion target, it attracted 4,614 new shareholders…
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Airtel Uganda, a leading provider of telecommunications and mobile money services, today presented a dividend cheque of UGX 50.3 billion to the National Social Security Fund (NSSF). This significant payout follows…
